Technical Report
Date : 14/01/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5851
19492
AMBUJACEM
3.38
INFOSYSTCH
5.16
BANKEX
(3.53)
High
5858
19522
ONGC
1.50
PNB
4.77
IT
(3.41)
Low
5737
19136
TATAMOTOR
1.35
SBIN
4.15
TECK
(2.76)
Close
5752
19183
ACC
1.23
IDFC
3.62
CD
(2.70)
% Chg
(1.90)
(1.80)
DLF
0.78
ICICIBANK
3.60
METAL
(1.23)
Source : Falcon
SENSEX DLY CHART
Markets opened on a flat note and selling gradually picked up as the day progressed which led the indices to
close near day low. On the daily chart, we are witnessing that prices have closed below the short term averages
viz. 5&20 days EMA which suggest weakness. On the downside there is high probability that the vital support of
19074 -18954 / 5720 - 5690 levels could be tested in coming trading session. Any close below 18954 / 5690
levels would then lead the indices to test 200 day SMA which is at 18684 / 5600 levels. Traders should bear in
mind that the hourly charts are oversold on Stochastic Indicator and volatility may increase going forward.
Stocks +ve Bias
Stocks -ve Bias
TATA STEEL
YES BANK
The stocks mentioned above are given considering the general direction of the trend expected over a period of 2 or
3 days. Investors / Traders are expected to use their own discretion while taking any action related to the stock.
For Private Circulation Only.
Technical Report
RESEARCH TEAM
Shardul Kulkarni
Head - Technicals
Mileen Vasudeo
Technical Analyst
Sameet Chavan
Technical Analyst
Research Team: 022-3952 6600
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